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Forex Support & Resistance Trade | Strong Price Action Trade

353 views · Published 5 February 2016 · 7:17 · Indexed 8 October 2026

Channel: Etienne Crete - Desire To TRADE · 2016 · Education

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Forex Support & Resistance Trade | Strong Price Action Trade

This is an example of strong Forex Support & Resistance trade taken on the USD/SGD currency pair. As the buyers are in control of the market, I was looking to buy the pair on a pullback to a support zone on the daily chart. Those support & resistance levels in the Forex market create strong trade entry locations. I entered the trade on a lower time frame (30 mins) once I saw a clear range breakout and strong price action evidence for this trade.

Two considerations
1. Having more than 1 take profit.
2. Not getting affected by a trade not working out. 

A Simple Trade Management Strategy To Get More Profit: http://www.desiretotrade.com/a-simple-trade-management-strategy-to-get-more-profit/

Disclaimer: This video expresses my personal opinion only. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else.

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